⸺ Obituary · June 24, 2019 ⸺
“None More Foolish Than What’s Being Said To Rationalize The Bitcoin Bubble”
— X (Twitter), Peter Schiff
“I’ve witnessed several asset bubbles over the years and those trapped inside also say foolish things to rationalize the price rise. But none more foolish than what’s being said to rationalize the Bitcoin bubble. The bigger the bubble, the more foolish one must be not to see it!”
Price at death
$11,042
Today
$73,562
Resurrection
×6.7
On 2019-06-24, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$11,042 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 24, 2019, when one Bitcoin traded for approximately $11,042. Since then, Bitcoin has appreciated by 6.7× relative to the price on the day X (Twitter) pronounced it finished.